Introduction: A
(a)
To show: To show what descriptions are used by G&P in its balance sheet to classify its property, plant, and equipment.
(b)
(b)
To determine what method or methods of
(c)
(c)
To determine over what estimated useful lives does G&P depreciate its property, plant, and equipment.
(d)
(d)
To determine what amounts for depreciation and amortization expense did G&P charge to its income statement in 2014, 2013, and 2012.
(e)
(e)
To determine what were the capital expenditures for property, plant, and equipment made by G&P in 2014, 2013, and 2012.
The Coca-Cola Company and PepsiCo.Inc.
(a)
To determine what amount is reported in the balance sheets as property, plant, and equipment (net) of Coca-Cola Company (CC) on December 31, 2014, and of Pepsi Co.Inc. (PC) on December 31, 2014? What percentage of total assets is invested in property, plant, and equipment by each company.
(b)
(b)
To determine what depreciation methods are used by CC and PC for property, plant, and equipment? How much depreciation and amortization was reported by CC and PC in 2014 and in 2013. (Use
(c)
(c)
To compute and compare: To compute and compare the following ratios for CC and PC for 2014:
(1) Asset turnover.
(2) Profit margin on sales.
(3) Return on assets.
(d)
(d)
To determine what amount was spent in 2014 for capital expenditures by CC and PC.
McDonald’s Corporation
(a)
To determine what method of depreciation does McDonald’s Corporation (McD) use.
(b)
(b)
To explain: To explain whether depreciation and amortization expense cause cash flow from operations to increase.
(c)
(c)
To explain: To explain what does the schedule of cash flow measures indicate.
Want to see the full answer?
Check out a sample textbook solution
Chapter 11 Solutions
Intermediate Accounting, 17th Edition
- I need guidance with this general accounting problem using the right accounting principles.arrow_forwardPlease provide correct solution and accounting questionarrow_forwardA balance sheet shows cash, $75,000; marketable securities, $110,000; receivables, $90,000; and $225,000 of inventories. Current liabilities are $200,000. The current ratio is 1.375 to 1. a. True b. Falsearrow_forward
- What is the economic order quantity?arrow_forwardPLEASE help do thi correctlyarrow_forwardDuring FY 2005 Tenfold Manufacturinghad total manufacturing bycosts are $438,000. Their cost of goods manufactured for the year was $548,000. The January 1, 2006 balance of the Work-in-Process Inventory is $39,000. Use this information to determine the dollar amount of the FY 2005 beginning Work-in-Process Inventory.arrow_forward
- Natalie Systems had assets of $310,000 and liabilities of $165,000 at the beginning of the year. During the year, revenues were $158,000 and expenses were $102,000. Also, during the year the business paid the owners a dividend of $6,000, and assets increased by $18,000. What were Natalie's total liabilities at the end of the year?arrow_forwardQuartz Manufacturing completes job #715, which has a standard of 480 labor hours at a standard rate of $19.50 per hour. The job was completed in 510 hours and the actual average labor rate was $20.10 per hour. What is the labor rate variance? (A negative number indicates a favorable variance and a positive number indicates an unfavorable variance.)arrow_forwardI need help solving this general accounting question with the proper methodology.arrow_forward
AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,
Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSON
Intermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill Education
Financial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education